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Kirby Corp (KEX)

KEX on New York Consolidated

63.65USD
14 Dec 2017
Change (% chg)

$0.05 (+0.08%)
Prev Close
$63.60
Open
$63.65
Day's High
$64.15
Day's Low
$63.25
Volume
119,384
Avg. Vol
355,124
52-wk High
$74.50
52-wk Low
$59.25

Latest Key Developments (Source: Significant Developments)

Kirby Corp reports Q3 earnings per share $0.52
Wednesday, 1 Nov 2017 05:54pm EDT 

Nov 1 (Reuters) - Kirby Corp :Kirby Corp announces 2017 third quarter results.Q3 revenue $541.3 million versus I/B/E/S view $509.5 million.Sees fy 2017 earnings per share $1.90 to $2.05.Sees q4 2017 earnings per share $0.40 to $0.55.Q3 earnings per share $0.52.Q3 earnings per share view $0.45 -- Thomson Reuters I/B/E/S.Kirby Corp - ‍inland utilization went up after Hurricane Harvey as pent-up demand,stronger pricing environment for customers' products led to more liquid barge moves​.Kirby Corp - ‍expect utilization in low 60% to mid-60% range for q4​.Kirby Corp - sees 2017 capital spending to be in $175 million to $185 million range​.  Full Article

-Kirby Corp Q3 earnings per share $0.52
Wednesday, 1 Nov 2017 05:54pm EDT 

Nov 1 (Reuters) - Kirby Corp :Kirby corp - expect q4 utilization in low 60% to mid-60% range for costal markets .Kirby corporation announces 2017 third quarter results.Q3 revenue $541.3 million versus i/b/e/s view $509.5 million.Sees fy 2017 earnings per share $1.90 to $2.05.Sees q4 2017 earnings per share $0.40 to $0.55.Q3 earnings per share $0.52.Q3 earnings per share view $0.45 -- Thomson Reuters I/B/E/S.Kirby- ‍inland utilization went up after hurricane harvey as pent-up demand,stronger pricing environment for customers' products led to more liquid barge moves​.Kirby corp - sees 2017 capital spending to be in $175 million to $185 million range​.  Full Article

Kirby files for resale of up to 5.7 mln shares of common stock by selling stockholders
Monday, 16 Oct 2017 03:15pm EDT 

Oct 16 (Reuters) - Kirby Corp :Kirby Corp files for resale of up to 5.7 million shares of common stock by the selling stockholders - sec filing.  Full Article

Hushang Ansary reports 8.8 pct passive stake in Kirby Corp
Monday, 25 Sep 2017 05:05pm EDT 

Sept 25 (Reuters) - Kirby Corp :Hushang Ansary reports 8.8 percent passive stake in Kirby Corp ‍​as of Sept 13 - SEC filing.  Full Article

Kirby Corp completes the purchase of Stewart & Stevenson LLC and reports on the impact of Hurricanes Harvey and Irma
Wednesday, 13 Sep 2017 05:05pm EDT 

Sept 13 (Reuters) - Kirby Corp :Kirby Corporation completes the purchase of Stewart & Stevenson LLC and reports on the impact of Hurricanes Harvey and Irma.Kirby Corp- Hurricanes Harvey and Irma caused little damage to Kirby Vessels and minor flooding to one facility.Kirby Corp - ‍Expect lost revenues and costs associated with recovery efforts for both hurricanes to impact Q3 earnings by $0.06 - $0.08 per share​.Kirby - ‍"Believe Q3 earnings results will fall within our previously provided guidance range, although towards low end after negative impact from storms"​.Kirby Corp - ‍Irma has also significantly disrupted offshore business​."While purchase price allocations are not final, we expect transaction to be $0.02 - $0.04 per share accretive to 2017 Q4 earnings".Kirby Corp - ‍Storm disrupted over 50% of U.S. petrochemical capacity and over 25% of refinery capacity, though many plants returned to normal operations​.  Full Article

Patterson-UTI Energy appoints Andy Smith as CFO
Tuesday, 5 Sep 2017 06:00am EDT 

Sept 5 (Reuters) - Patterson-UTI Energy Inc :Patterson-UTI Energy announces appointment of Andy Smith as chief financial officer.Patterson-UTI Energy Inc - Smith most recently served as executive vice president and chief financial officer of Kirby Corporation.  Full Article

Kirby Corporation says CFO C. Andrew Smith resigns
Thursday, 17 Aug 2017 04:15pm EDT 

Aug 17 (Reuters) - Kirby Corp :Kirby Corporation announces the resignation of executive vice president and chief financial officer C. Andrew smith.Kirby corp - Kirby has commenced a search for a successor chief financial officer.Kirby Corp - Grzebinski will then serve in dual roles of chief executive officer and CFO on an interim basis until Kirby identifies a new CFO.Kirby- C. Andrew smith, executive vice president and CFO of Kirby, has informed Kirby that he is resigning from his position effective Sept. 7, 2017.  Full Article

Kirby Corp Q2 earnings per share $0.48
Wednesday, 26 Jul 2017 04:15pm EDT 

July 26 (Reuters) - Kirby Corp ::Kirby Corporation announces 2017 second quarter results.Q2 revenue $473.3 million versus I/B/E/S view $481.7 million.Sees q3 2017 earnings per share $0.40 to $0.55.Q2 earnings per share $0.48.Q2 earnings per share view $0.48 -- Thomson Reuters I/B/E/S.Kirby Corp - marine transportation revenues for 2017 q2 were $331.3 million compared with $378.3 million for 2016 q2.Kirby Corp - diesel engine services revenues for 2017 q2 were $142.1 million, compared with 2016 q2 revenues of $63.3 million.Kirby corp - earnings guidance for 2017 q3 is $0.40 to $0.55 per share.Kirby corp - full year earnings guidance is narrowed to $1.80 to $2.10 per share.Kirby corp - expects 2017 capital spending to be in $165 to $185 million range, unchanged from previous guidance.  Full Article

Kirby Corp entered into amendment of existing credit agreement
Wednesday, 28 Jun 2017 11:36am EDT 

June 28 (Reuters) - Kirby Corp :On June 26, entered into an amendment of its existing credit agreement with a group of commercial banks - SEC filing.Amendment to increase borrowing limit under Kirby's previous revolving credit facility from $550 million to $850 million.Amendment extends maturity date of facility to June 26, 2022.Credit agreement allows for a $300 million increase in aggregate commitments of banks in form of revolving credit loans or term loans.  Full Article

Kirby Corp signs agreement to purchase inland tank barges and towboats
Monday, 19 Jun 2017 04:15pm EDT 

June 19 (Reuters) - Kirby Corp -:Kirby Corporation signs agreement to purchase inland tank barges and towboats.Kirby Corp - deal for $68 million..Kirby - asset purchase will consist of nine specialty pressure tank barges, four 30,000 barrel tank barges, and three 1320 horsepower inland towboats.Kirby Corp - signing of an agreement to purchase certain inland marine assets from an undisclosed competitor for $68 million.Acquisition is expected to be paid for using funds available under Kirby's revolving credit facility.Kirby Corp- expect transaction to be $0.01 - $0.02 per share accretive to 2017 earnings.  Full Article

BRIEF--Kirby Corp Q3 earnings per share $0.52

* Kirby corp - expect q4 utilization in low 60% to mid-60% range for costal markets